How rich is the Bosch family is difficult to estimate precisely because Bosch is owned by foundation, not family, but Bosch family descendants are wealthy with estimated net worth in hundreds of millions to low billions combined. Robert Bosch GmbH was founded in 1886 by Robert Bosch, who died in 1942, and he set up Robert Bosch Stiftung foundation that now owns 94 percent of company, with remaining 6 percent owned by Bosch family and employees. Robert Bosch family descendants, including grandchildren, own small portion but receive dividends, with estimated combined wealth of around 1 to 2 billion euros, though not as rich as typical family owning 94 percent of 90 billion revenue company because 94 percent is owned by foundation for charity, not family. Robert Bosch himself was wealthy industrialist in early 20th century. Current Bosch family members keep low profile, not on Forbes billionaire list with huge wealth because foundation owns majority. Compared to other German industrial families like Porsche and Quandt who own large stakes, Bosch family is less wealthy because foundation owns most. So Bosch family is wealthy but not ultra-billionaire like some, with estimated hundreds of millions to low billions combined, while Robert Bosch Stiftung foundation has assets of over 20 billion euros used for charity, not family wealth, making Bosch unique as foundation-owned, not family-owned for profit.
1 votes
Marked as accepted